Smart TV ODM Veira says investing Rs 200 crore into new facility in Greater Noida

NEW DELHI: Veira Group, a smart TV original design manufacturer or ODM, on Monday said the company is investing Rs 200 crore into its new manufacturing facility in Greater Noida to increase its capacity and create jobs, with an aim to capture a 15% share of the market by end-2023.

According to a statement, Veira has already invested Rs 120 crore while the rest of the investment will be done in a phased manner in the next six months. This is the second manufacturing plant of Veira Group in India, the first being in sector 63, Noida.

The Greater Noida facility will increase the company’s total production capacity of smart TVs by over 3 million units annually, amounting to a total of 4 million LED TVs per year, from the present 1 million units.